Advizr Boosts Software with Retirement Financial Planning

Advizr is enhancing its financial planning platform with
retirement-focused components to help advisers simplify the creation of
financial plans for their retiree base.

The new Retirement Income Planning set of features will
allow advisers help their clients maximize their Social Security start age
in consideration of other asset types and distributions. It could also demonstrate current and recommended
coverage for disability, Illustrate value of retirement accounts given an event
that necessitates long-term care at a chosen age, as well as proposed value of
said accounts given the purchase of additional LTC insurance coverage.

The platform will also provide one-click expense estimation
for budgeting drawn directly from actual spending habits of clients. Variable,
fixed and indexed annuities modeling will also be part of the enhancement.
Moreover, the platform will allow for designing income distribution strategies
with the ability to control the account distribution strategies for retirement
goals.

“Extending our platform’s advanced functionality to cover Social Security optimization and income distribution strategies was a natural
progression,” says Hussain Zaidi, Advizr’s CEO and co-founder. “With that, most of this functionality has always been
under the hood, as our greatest focus has always been on user experience and
that will never change. We are determined to help our advisers deliver more
engaged financial plans, and we believe the mix of planning functionality and
smart design is critical.”